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ECON 226 Applied Economics for Management (3 Credits)

This course examines economic concepts useful to management. Topics include the following: incorporating risk into evaluations, techniques for financial evaluation of proposed investments, theory of demand, concepts from game theory, competitive markets, cost functions, production functions, competitive markets, and other market structures.

Learning Outcomes:

  • Understand the drivers to changes and trends in the general economy.
  • Comprehend economic decision-making; economic and business planning.
  • Analyze time value of money; basic understanding of accounting and finance tools.
  • Learn about benefit cost analysis; enterprise management and production analysis; decision-making under uncertainty.
  • Analyze international trade and environmental issues.
  • Explore game theory, competitive markets and techniques for financial evaluation of proposed investments.